As Targa Res (TRGP) Stock Price Declined, Arosa Capital Management LP Cut Its Stake; Ringcentral (RNG) Share Price Rose While Adi Capital Management Trimmed Holding by $820,000

RingCentral, Inc. (NYSE:RNG) Logo

Adi Capital Management Llc decreased its stake in Ringcentral Inc (RNG) by 15.43% based on its latest 2018Q4 regulatory filing with the SEC. Adi Capital Management Llc sold 10,000 shares as the company’s stock rose 31.16% with the market. The institutional investor held 54,825 shares of the technology company at the end of 2018Q4, valued at $4.52M, down from 64,825 at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $8.60B market cap company. The stock increased 0.73% or $0.77 during the last trading session, reaching $105.79. About 386,460 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 65.43% since March 14, 2018 and is uptrending. It has outperformed by 61.06% the S&P500. Some Historical RNG News: 29/03/2018 – Pacific Dental Services® Delivers Superior Patient Experience With RingCentral’s Cloud Communications Solutions Across Over; 30/05/2018 – RingCentral Presenting at Conference Jun 5; 09/05/2018 – RingCentral 1Q Adj EPS 16c; 09/05/2018 – RingCentral 1Q Rev $150M; 19/04/2018 – RingCentral Presenting at JPMorgan Conference May 16; 09/05/2018 – RingCentral 1Q Loss/Shr 3c; 09/05/2018 – RINGCENTRAL INC RNG.N SEES FY 2018 NON-GAAP SHR $0.61 TO $0.65; 07/03/2018 – RingCentral Launches Integrated Collaborative Meetings Solution; 09/05/2018 – RingCentral Sees 2Q Rev $154.5M-$156.5M; 09/05/2018 – RINGCENTRAL SEES 2Q ADJ EPS 14C TO 16C, EST. 13C

Arosa Capital Management Lp decreased its stake in Targa Res Corp (TRGP) by 46.67% based on its latest 2018Q4 regulatory filing with the SEC. Arosa Capital Management Lp sold 35,000 shares as the company’s stock declined 7.48% while stock markets rallied. The institutional investor held 40,000 shares of the public utilities company at the end of 2018Q4, valued at $1.44 million, down from 75,000 at the end of the previous reported quarter. Arosa Capital Management Lp who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $9.47 billion market cap company. The stock increased 0.44% or $0.18 during the last trading session, reaching $40.78. About 1.74 million shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 8.23% since March 14, 2018 and is downtrending. It has underperformed by 12.60% the S&P500. Some Historical TRGP News: 05/04/2018 – TARGA RESOURCES PARTNERS – INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY BORROWINGS UNDER ITS CREDIT FACILITIES; 03/05/2018 – TARGA RESOURCES CORP – QTRLY TOTAL REVENUES $2,455.6 MLN VS $2,112.6 MLN; 17/05/2018 – Targa Resources 10.3% Owned by Hedge Funds; 05/04/2018 – TARGA RESOURCES PARTNERS- AMOUNT OF OFFERING WAS INCREASED FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $750.0 MLN; 05/04/2018 – S&PGR Rts Targa Resources $750M Sr Unscd Nts ‘BB-‘; 03/05/2018 – TARGA CEO SAYS GAS FLARING COULD INCREASE IN PERMIAN BASIN; 15/05/2018 – Scopia Adds Arris, Exits Targa Resources, Cuts Netflix: 13F; 27/03/2018 – TARGA RESOURCES ANNOUNCES ADDITIONAL DELAWARE BASIN PROCESSING EXPANSIONS, AN EXTENSION OF ITS GRAND PRIX NGL PIPELINE INTO OKLAHOMA AND POTENTIAL ASSET SALES; ALSO POSTS UPDATED INVESTOR…; 23/05/2018 – SANCHEZ MIDSTREAM – PARTIES MERGED 50 PCT INTERESTS IN ENTITIES WITH HIGH PRESSURE CARNERO GATHERING LINE, RAPTOR GAS PROCESSING FACILITY TO FORM EXPANDED 50/50 JV; 18/04/2018 – Targa Resources Declares Dividend of 91c

Investors sentiment increased to 1.36 in Q4 2018. Its up 0.08, from 1.28 in 2018Q3. It increased, as 49 investors sold TRGP shares while 101 reduced holdings. 76 funds opened positions while 128 raised stakes. 204.81 million shares or 0.02% more from 204.78 million shares in 2018Q3 were reported. Hodges Capital Mgmt Incorporated has 16,000 shares for 0.06% of their portfolio. Gideon Cap Advisors invested in 0.17% or 11,820 shares. Assetmark, a California-based fund reported 108 shares. Bb&T Securities Ltd Liability Com accumulated 22,132 shares or 0.01% of the stock. First Manhattan owns 18,512 shares or 0% of their US portfolio. Price T Rowe Assoc Inc Md has 133,079 shares for 0% of their portfolio. Barclays Plc accumulated 225,077 shares. Fmr Ltd Liability Com reported 1.05M shares or 0.01% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.01% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Ameriprise Fincl holds 99,605 shares. Calamos Advisors Lc has 72,605 shares. Blackstone Ltd Partnership reported 258,302 shares. Legal And General Gp Public Ltd Co stated it has 1.04M shares or 0.03% of all its holdings. Moreover, Ajo Limited Partnership has 0% invested in Targa Resources Corp. (NYSE:TRGP) for 11,072 shares. Citadel Advsr Lc accumulated 525,807 shares.

More notable recent Targa Resources Corp. (NYSE:TRGP) news were published by: Globenewswire.com which released: “Targa Resources Partners LP Announces 2018 Schedules K-1 Available – GlobeNewswire” on February 25, 2019, also Globenewswire.com with their article: “Targa Resources Corp. Announces Quarterly Dividends NYSE:TRGP – GlobeNewswire” published on January 17, 2019, Benzinga.com published: “Earnings Scheduled For February 20, 2019 – Benzinga” on February 20, 2019. More interesting news about Targa Resources Corp. (NYSE:TRGP) were released by: Seekingalpha.com and their article: “Record Pace For Midstream – Seeking Alpha” published on February 24, 2019 as well as Globenewswire.com‘s news article titled: “Grand Prix Pipeline LLC Launches Open Season (Revised) – GlobeNewswire” with publication date: March 02, 2019.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on May, 2. They expect $-0.04 earnings per share, down 33.33% or $0.01 from last year’s $-0.03 per share. After $0.13 actual earnings per share reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts -130.77% negative EPS growth.

Since November 16, 2018, it had 1 insider buy, and 0 sales for $103,400 activity.

Arosa Capital Management Lp, which manages about $456.37 million and $446.22M US Long portfolio, upped its stake in Pure Acquisition Corp by 850,000 shares to 1.28M shares, valued at $12.55 million in 2018Q4, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 22,178 shares in the quarter, for a total of 67,178 shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Benzinga.com which released: “8 Biggest Price Target Changes For Tuesday – Benzinga” on February 12, 2019, also Seekingalpha.com with their article: “RingCentral: Valuation Now Seems More Realistic – Seeking Alpha” published on November 19, 2018, Seekingalpha.com published: “RingCentral: Time To Ring In Some Profits – Seeking Alpha” on August 20, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Fool.com and their article: “Can RingCentral Stock Keep Hitting New Highs in 2019? – Motley Fool” published on February 12, 2019 as well as Digitaljournal.com‘s news article titled: “Zane Long, RingCentral SVP Global Channel Sales, Recognized as 2019 CRN® Channel Chief – Press Release – Digital Journal” with publication date: February 13, 2019.

Since October 3, 2018, it had 0 insider purchases, and 23 selling transactions for $21.80 million activity. Dhruv Mitesh also sold $195,774 worth of RingCentral, Inc. (NYSE:RNG) on Thursday, November 29. $284,975 worth of stock was sold by Shah Praful on Thursday, January 3. Sipes David sold $509,796 worth of stock. $206,884 worth of RingCentral, Inc. (NYSE:RNG) was sold by Michelle McKenna on Friday, February 15. On Monday, November 26 the insider Marlow John H sold $1.32 million.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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